Liquidity. And we cant let this narrative go unchallenged. Youve seen it in the fsoc annual report. There was a drive by of it in the multi Agency Report that came out last october. And ive been around this town long enough there always has to be a boogeyman somewhere when youre trying to misdirect. I think this is an area that we need to encourage and not run away from and not vilify, not accept the standard pushback that were getting. And the second point, too which is this notion of the aggregate impact of regulation. And your question, which i think is a good one, how much of it is standard post crisis and how much of it is regulation. I was listening closely to sandy. I think weve reached a point where weve seen historically 2008 to maybe into 11 where there was a lot of prudent Risk Management undertaken in response to a crisis. I dont think you can parse them out any longer. You cant say its basul, its dodd frank, you go down the road and then its prudent Risk Management because
Whats needed is an order displaced facility. It doesnt have to be mandated by the government, bit has to be something where private entities can create these things where the price res made public, not necessarily through a consolidated system. But if not reuters or others will consolidate the information just as incident either active does. But most importantly, a system where youre not allowed to trade through those prices because youre not doing your client a service by failing to pick up the easy to pick up trade. There is one additional complicate. If you say you cant trade through that price, you must make that price available so it can be taken. But if anybody can take a price, then it has to be the case that the trading system has to be an all to all system where if i grab it i can settle the trade. We do this all the time in equities. Why should it be so difficult to do it in another system. Theyre just securities. So lets settle them up that way. These are the order handling
Change. You mentioned the engagement a number of times today. With the outreach to iran and the outreach to cuba, are we looking at a burgeoning doctrine engagement drama or doctrine of engagement with other leaders and other regimes for the last year and a half of his presidency . Well, the president i think has drawn a pretty clear line between the relationship between the u. S. And cuba and the relationship between the United States and iran. United states continues to have significant concerns with iranian behavior including irans support of terrorism irans continued menacing of israel irans support for proxies that engage in destablizing activity throughout the middle east. So the approach the president has taken to iran is very different than the president s approach to our relations with cuba. I do think as the president mentioned in his address to the nation on tuesday, that the one common principle that i think might be here is that the United States, he quoted president kenne
Distinguished news man. He was kind of embarrassed by this. He was moderating but he disappears for sometimes five or more minutes at a time. Today, you would not have a moderator jumping in every 30 seconds. Sunday night at 8 00 eastern and pacific on cspans q a. Nigerian president Muhammadu Buhari met with president obama to talk about the boko haram and violence in nigeria. Later, president buhari spoke in an event hosted by the u. S. Chamber of commerce. [applause] Muhammadu Buhari please sit down, ladies and gentlemen. When we read our speeches in the other room, the audience was so small. In fact, i wondered why some of the governors turned down our invitation only for me to find in here. I, too will reread my speech. [laughter and applause] the governors here. The governor of river state, b orno state, the central ground of boko haram. The governor of ibo state. The governors of other states, and the rest of my team. Ambassador adefuye. And corporate sponsors and captains of ind
Union. The son of libyas dictator Moammar Gadhafi among nine people sentenced to death on what the u. N. Describes as disturbing. Im in london where the computer programmers of the future are taking part in a hackathon. Not the end for the United States olympic bit and could be the beginning and will announce about the presidency. Well, starting this program with the news that turkish f16 fighter jets targeting in a place of a Mountain Area in the southeast and this is after the turkey president erdiwan who discussed this as impossible and we report in the south of turkey. Turkish f16 fighter jets dont have too far to fly to hit targets of the new enemy aisle just over the border in syria this was last week and dont have much further to go to target an old enemy, the separatist p. K. K. In Northern Iraq. Many kurds are angry and frustrated the turkish government seems to be equating the them from i. S. I. L. With the threat from the p. K. K. And mainly kurdish city in southeast turkey